Zimbabwe: Consolidate Gains in Gold Sector

21 March 2015
editorial

While statistics show fairly fast growth in deliveries, to over one tonne a month worth around $38 million at yesterday's price, with a third from panners and small-scale miners, some of this growth is because most producers are now delivering their gold rather than selling it to smugglers and others trying to avoid official channels.

One of the biggest reforms in getting almost all gold accounted for was the return to using the Reserve Bank of Zimbabwe's Fidelity Printers as the sole legal buyer, so ensuring that there was no cheating.

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